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LUS Kimmel, Accounting, 6e tudy & Practice Gradebook ORION Downloadable eTextbook Assignment pen Assignment ESOURCES Exercise 5-7 Financial information for two companies are presented below
LUS Kimmel, Accounting, 6e tudy & Practice Gradebook ORION Downloadable eTextbook Assignment pen Assignment ESOURCES Exercise 5-7 Financial information for two companies are presented below nt 5 Fill in the missing amounts. Essay) Ivanhoe Company Pharoah Company Sales revenue Sales returns and allowances Net sales Cost of goods sold Gross profit Operating expenses Net income 2 5 $95,800 $6,000 134,000 81,200 ts by Study 54,200 44,000 14,460 16,600 SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT Calculate the profit margin and the gross profit rate for each company. (Round ansivers to 1 ded here to searc DOLL
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